Subway Franchise, Caboolture Region, Long Lease, Low Rent, $150k As Is! Great For Owner Operator!

Business For Sale Brisbane, Queensland 4000

Business Category Restaurant Takeaway Food

$150,000 + SAV

Description

Subway Franchise, Caboolture Region, Long Lease, Low Rent, $150k As Is! Great For Owner Operator!

Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.

There are presently in excess of 1,300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.


The Subway franchise is located in a suburban shopping centre with great major road visibility, easy entry, and good parking. Major draw tenants close-by, within eyesight!


Business features include:

Lease - Expires March 2022 + 2 x 5 year options

Business size - 70m2 + Alfresco

Rent excluding G.S.T. - $2,917 per month

Outgoings excluding G.S.T. - $312 per month

New Franchisee entry costs - Nil

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

SAV approximately $5,000

Fit-out Store remodel due

Turnover (Approx.) $11,000 per week (minimal delivery)

Trading hours daily within 7.00am 8.30pm

Staffing Manager +9 Sandwich artists (Varies)

Owners hour - Nil (Currently run under full management)

Reason for selling - Downsizing

Return to a full-time owner operator is in the vicinity of $140,000 EBITDA (based on a $11,000 per week sales level)

Finance of up to 60% may be available to approved applicants

Asking price:
$150,000 + SAV AS IS!
$250,000 + SAV Fully Remodelled!

For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX
Contact Seller
Reg Butler

Bsale ID: 562163
Broker REF: RB612a

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